If you are an hourly or contract worker, you often are paid by the hour, and while you may know week to week what your paycheck's going to bring, it can be useful to know what that would look like as an annual salary. Maybe you want to compare your hourly salary to that new job opportunity, maybe you just want to know if that $.50/hour raise is worth it, or maybe you want to put all your income sources together to find out what you're really making. Here's an easy way to figure it out!

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Steps

1

Open your calculator, and begin by entering your hourly wage. For this example, we'll use $7.75 per hour.

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2

Multiply this number by 2080. That's for a 40-hour week, for 52 weeks, and is the equivalent of what would be your annual salary.

3

Enter this number into a spreadsheet, or simply note it down on a piece of paper.This is your base annual salary, and in this example is $16,120.

For the spreadsheet, multiply the weekly rate by the number of hours worked, and then by the number of weeks worked. This makes it easy to adjust the numbers as your circumstances change.

4

Add any other sources of income you may have. This may be in the form of commissions, bonuses, or a side job, and will help give you a better picture of where you stand financially.

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